I parted ways with Sarah Palin yesterday

[exUte]

Originally Posted by MikeWaters

I take it you are against all these federal interventions in saving these companies. As well as against federal backing of any mortgage.

no need to save a private AIG.

As I mentioned in a previous post, watch GM come a knockin for some loans to help them convert to Ohbama's new technology.

[exUte]

Originally Posted by BYU71

Of course you have to have some regulation, even Mitt Romney says that. We have regulation on the Presidency, he can only run for two terms. Please tell me you aren't against that. We ought to have it for all politicians.

The problem with regulation is not the regulation, but those who enforce it. Regulators get in bed with politicians and the big and influential money on Wall St.

I started 25 years ago with a big Wall St. brokerage firm. The solid lesson I learned working form them was my first duty to my clients is to protect them from the firm I worked for.

By the way for all you libs who might be cheering my words, you will find if you look closely enough a large number of those fat cats back there ripping people off on Wall St. are democrats.

and Fannie Mae top executives. And I believe, the last I checked, Wall Street has donated more to Ohbama than McCain by a 3:1 margin. Geez, I wonder who's in bed with who.

[exUte]

Originally Posted by BYU71

You would like the game to be a little fairer though. You are now seeing those who took advantage of the game getting hammered. Trust me there are some fat cats losing fortunes right now and I cheer.

days. He was helping those who's income didn't justify the cost of their homes, get a mortgage. I'm sure he and others like him made out just fine.

[BarbaraGordon]

exUte, out of curiosity, is it harder to come to terms with the fact that everyone regards you as an unmitigated asshole, or with the fact that they excuse you for it because of your infinitesimal intelligence?

[Tex]

Yeah, I'm really not a fan of the populism. Last night Palin was giving a pretty good town hall speech on energy, until she started referring to the oil companies' civic duty to produce oil because "people are hurting."

Memo to all politicians, R and D: COMPANIES EXIST TO MAKE PROFIT. That's it. It's not hard.

Every time I hear McCain talk about punishing the "greed on Wall Street" I just cringe.

[Archaea]

Originally Posted by Tex

Yeah, I'm really not a fan of the populism. Last night Palin was giving a pretty good town hall speech on energy, until she started referring to the oil companies' civic duty to produce oil because "people are hurting."

Memo to all politicians, R and D: COMPANIES EXIST TO MAKE PROFIT. That's it. It's not hard.

Every time I hear McCain talk about punishing the "greed on Wall Street" I just cringe.

You gotta sell something.

Jeez public, you should cheer Big Oil making huge profits while you file bankruptcy.

Do you really want Reps to stand solely for large industry alone? Large industry is no better to economies than government, and monopolies and cartels do not treat markets any more fairly than centralized economies.

[Tex]

Originally Posted by Archaea

You gotta sell something.

Jeez public, you should cheer Big Oil making huge profits while you file bankruptcy.

Do you really want Reps to stand solely for large industry alone? Large industry is no better to economies than government, and monopolies and cartels do not treat markets any more fairly than centralized economies.

Did I say this? I want politicians to understand that businesses get started, thrive, and expand on profits. That's the reason 96.281% (yes, that's a scientific number) of people start businesses. Very few go out and mortgage their homes and incur huge debts (and often fail) because they wanted to do their "civic duty."

Plus, businesses are where my investment money is. Businesses are what pay my salary. We ought to have an extremely business-friendly economic system, because that's what drives our prosperity. When business, big and small, is thriving, so thrives America, in all "classes."

[Archaea]

Originally Posted by Tex

Did I say this? I want politicians to understand that businesses get started, thrive, and expand on profits. That's the reason 96.281% (yes, that's a scientific number) of people start businesses. Very few go out and mortgage their homes and incur huge debts (and often fail) because they wanted to do their "civic duty."

Plus, businesses are where my investment money is. Businesses are what pay my salary. We ought to have an extremely business-friendly economic system, because that's what drives our prosperity. When business, big and small, is thriving, so thrives America, in all "classes."

As if they don't understand that.

The point is most small businesses which statistically are still the backbone of our economy. They are what drive our economy. The larger businesses tend to abuse us because they have market power.

[BlueK]

Originally Posted by MikeWaters

essentially the govt. wants to regulate the private market so that there is less lying and cheating.

Company X says there product is worth $1 million. It's really worth $100,000. Company Y buys the product. Company Y sells to Company Z. And so forth. In Tex's world, the lies are ok, and should not be regulated.

even Libertarians think the government should try to stop fraud. Nationalizing an insurance company is hardly the same thing though.

[MikeWaters]

Originally Posted by BlueK

even Libertarians think the government should try to stop fraud. Nationalizing an insurance company is hardly the same thing though.

I'm very skeptical of this buyout.